Warner Bros. Discovery, Inc. (WBD)Communication Services | Entertainment | New York, United States | NasdaqGS
27.09 USD
+0.50
(1.880%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:03 a.m. EDT
Warner Bros. Discovery presents a stark dichotomy between its operational cash generation and its precarious capital structure. The company generates substantial free cash flow, yet it is drowning under a debt load nearly ten times its equity, resulting in a negative return on equity and a forward P/E that is mathematically meaningless due to current losses. This fundamental fragility is driving the market to reject the stock's recovery potential, despite a recent year-over-year price rebound. The options market confirms this skepticism, with traders aggressively buying deep out-of-the-money puts as insurance against further deterioration, while call activity remains sparse and defensive. With no dividend to cushion the blow and a balance sheet that limits strategic flexibility, the investment case remains severely compromised until the deleveraging process shows tangible progress. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.016747 |
| AutoETS | 0.016995 |
| MSTL | 0.020754 |
| MSTL_115 | 0.043490 |
| AutoARIMA | 0.067409 |
| MSTL_74 | 0.073363 |
| MSTL_74_115 | 0.097861 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 30% |
| H-stat | 7.94 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.010 |
| Excess Kurtosis | 0.11 |
| Attribute | Value |
|---|---|
| Sector | Communication Services |
| Debt to Equity Ratio | 96.318 |
| Revenue per Share | 14.989 |
| Market Cap | 67,918,336,000 |
| Forward P/E | 846.56 |
| Beta | 1.55 |
| Profit Margins | -4.67% |
| Previous Name | Discovery, Inc. |
| Website | https://www.wbd.com |
As of July 11, 2026, 6:03 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 21, 23, 25) compared to negligible call volume. While there is a 'wall' of call options at strikes 29 and 31 suggesting a potential resistance level or target, the overwhelming volume in puts indicates a dominant bearish sentiment and fear of further decline. Implied volatility is elevated on deep out-of-the-money puts, reflecting high uncertainty regarding a potential drop.
| Attribute | Value |
|---|---|
| 52 Week Change | 1.2139883 |
| Address1 | 230 Park Avenue South |
| All Time High | 78.14 |
| All Time Low | 5.120082 |
| Ask | 28.89 |
| Ask Size | 2 |
| Audit Risk | 3 |
| Average Analyst Rating | 2.7 - Hold |
| Average Daily Volume10 Day | 15,262,020 |
| Average Daily Volume3 Month | 19,648,696 |
| Average Volume | 19,648,696 |
| Average Volume10Days | 15,262,020 |
| Beta | 1.548 |
| Bid | 27.06 |
| Bid Size | 1 |
| Board Risk | 9 |
| Book Value | 12.995 |
| City | New York |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 27.09 |
| Current Ratio | 0.729 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 27.645 |
| Day Low | 26.28 |
| Debt To Equity | 96.318 |
| Display Name | Warner Bros. Discovery |
| Earnings Call Timestamp End | 1,778,099,400 |
| Earnings Call Timestamp Start | 1,778,099,400 |
| Earnings Timestamp | 1,778,097,600 |
| Earnings Timestamp End | 1,786,046,400 |
| Earnings Timestamp Start | 1,786,046,400 |
| Ebitda | 7,584,000,000 |
| Ebitda Margins | 0.20382 |
| Enterprise To Ebitda | 12.951 |
| Enterprise To Revenue | 2.64 |
| Enterprise Value | 98,217,336,832 |
| Eps Current Year | -1.277 |
| Eps Forward | 0.032 |
| Eps Trailing Twelve Months | -0.7 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 26.8696 |
| Fifty Day Average Change | 0.22039986 |
| Fifty Day Average Change Percent | 0.008202573 |
| Fifty Two Week Change Percent | 121.398834 |
| Fifty Two Week High | 30.0 |
| Fifty Two Week High Change | -2.9099998 |
| Fifty Two Week High Change Percent | -0.096999995 |
| Fifty Two Week Low | 10.76 |
| Fifty Two Week Low Change | 16.33 |
| Fifty Two Week Low Change Percent | 1.517658 |
| Fifty Two Week Range | 10.76 - 30.0 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,120,829,400,000 |
| Float Shares | 2,381,178,154 |
| Forward Eps | 0.032 |
| Forward P E | 846.56244 |
| Free Cashflow | 18,466,875,392 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 35,500 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.45748 |
| Gross Profits | 17,022,999,552 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.04211 |
| Held Percent Institutions | 0.754 |
| Implied Shares Outstanding | 2,507,136,702 |
| Industry | Entertainment |
| Industry Disp | Entertainment |
| Industry Key | entertainment |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,407,369,600 |
| Last Split Factor | 1,957:1000 |
| Long Business Summary | Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is involved in the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services. This segment also distributes films and television programs to various third-party and internal television, streaming services, and physical and digital home entertainment markets; related consumer products and themed experience licensing; and publishes, develops, licenses, and distributes content for the interactive space in platforms, including console, handheld, mobile, and PC-based gaming for both internal and third-party game titles. The Global Linear Networks segment provides general and lifestyle entertainment networks, news networks; and hosts international media networks and global sports networks. In addition, the company offers a portfolio of content and products for television, film, streaming, interactive gaming, publishing, themed experiences, and consumer products under the Discovery Channel, HBO Max, CNN, DC Studios, TNT Sports, HBO, Food Network, TLC, TBS, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Games, Adult Swim, Turner Classic Movies, and other brands. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York. |
| Long Name | Warner Bros. Discovery, Inc. |
| Market | us_market |
| Market Cap | 67,918,336,000 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_22666093 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-13 |
| Net Income To Common | -1,735,000,064 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 66,664,764,906 |
| Number Of Analyst Opinions | 12 |
| Open | 26.31 |
| Operating Cashflow | 3,558,000,128 |
| Operating Margins | 0.08590999 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Peg Ratio | 216.92 |
| Phone | 212 548 5555 |
| Pre Market Change | 0.03639984 |
| Pre Market Change Percent | 0.13436633 |
| Pre Market Price | 27.1264 |
| Pre Market Time | 1,784,026,651 |
| Prev Name | Discovery, Inc. |
| Previous Close | 26.59 |
| Price Eps Current Year | -21.213783 |
| Price Hint | 2 |
| Price To Book | 2.084648 |
| Price To Sales Trailing12 Months | 1.825271 |
| Profit Margins | -0.04665 |
| Quick Ratio | 0.413 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.73684 |
| Region | US |
| Regular Market Change | 0.5 |
| Regular Market Change Percent | 1.88041 |
| Regular Market Day High | 27.645 |
| Regular Market Day Low | 26.28 |
| Regular Market Day Range | 26.28 - 27.645 |
| Regular Market Open | 26.31 |
| Regular Market Previous Close | 26.59 |
| Regular Market Price | 27.09 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 45,321,575 |
| Return On Assets | 0.01391 |
| Return On Equity | -0.049590003 |
| Revenue Growth | -0.01 |
| Revenue Per Share | 14.989 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Communication Services |
| Sector Disp | Communication Services |
| Sector Key | communication-services |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 2,507,136,702 |
| Shares Percent Shares Out | 0.0297 |
| Shares Short | 74,390,174 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 60,960,209 |
| Short Name | Warner Bros. Discovery, Inc. - |
| Short Percent Of Float | 0.0297 |
| Short Ratio | 3.06 |
| Source Interval | 15 |
| State | NY |
| Symbol | WBD |
| Target High Price | 31.25 |
| Target Low Price | 26.0 |
| Target Mean Price | 29.91667 |
| Target Median Price | 31.0 |
| Total Cash | 3,296,000,000 |
| Total Cash Per Share | 1.315 |
| Total Debt | 32,465,999,872 |
| Total Revenue | 37,210,001,408 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.7 |
| Trailing Peg Ratio | 216.9231 |
| Triggerable | 1 |
| Two Hundred Day Average | 25.9141 |
| Two Hundred Day Average Change | 1.1758995 |
| Two Hundred Day Average Change Percent | 0.045376822 |
| Type Disp | Equity |
| Volume | 45,321,575 |
| Website | https://www.wbd.com |
| Zip | 10,003 |